Golden State, New York Get Lion’s Share of B&C Loans in Busy 2002 Borrowers in California and New York got the majority of the subprime mortgages originated last year, a new analysis by Inside B&C Lending reveals. The analysis used some $43.6 billion in loans backing securitizations deals from four lenders – Residential Funding Corp., Option One Mortgage, Conseco Finance, and Delta Financial – as a proxy to measure originations over a four-year period.